... Reflecting on his career, Fowler points out the values which he would lean into so strongly during his years in the industry fund movement - such as fairness to others - were forged during his early years in Ballarat. He notes the value of his church ... Read more

... external administrator service), which places constraints on the trustee to meet ASIC's expectations. With the recent industry changes and heightened expectations of both the regulator and members, it is time for trustees to consider how their existing ... Read more

... and have a think about what may happen over the next year in the financial markets and in particular the superannuation industry here in Australia. The year of commissions... For the Australian financial services industry, 2019 was a watershed year. ... Read more

... become more urgent due to a confluence of events. The findings of the financial services Royal Commission have placed the industry under intense pressure to improve customer outcomes via greater transparency, lower fees and fit-for-purpose offerings. ... Read more

... time - was her next stop. Bloch joined Nexis - which she explains had been set up by National Mutual to foster the industry fund segment in its early days - and became the first employee of Rest. She says the move to industry super wasn't strategic or ... Read more

... extension. Following the May 2019 Federal Budget, these changes were initially meant to be effective from October 1. Following industry consultation, the Economics Committee recommended delaying the changes to December 1. However Parliament finally settled ... Read more

... recommendations made by the panel and what it means for the financial services sector, in particular the superannuation industry. The reform journey APRA's shortcomings first surfaced following the Productivity Commission's report on the A$2.7 trillion ... Read more

... been zero activity on it, the member who owns it is 'active'. This is useless, but unfortunately is still distorting industry data, insights and policy; The transactional view - defined essentially by whether the account owner has conducted any transactions ... Read more

... Bill passes, there will be even fewer insurance policies within super in the future. The $2.8 trillion superannuation industry needs to continue to provide a fair and efficient system to help people save towards retirement. After all, money saved in ... Read more

... fund (which an advice fee must be) at the direction of the member. That would breach section 58 of the Superannuation Industry (Supervision) Act 1993 (the SIS Act) which prohibits the trustee of a superannuation fund exercising its powers under the governing ... Read more